Analog Devices Reports Sales and Earnings

Norwood, Mass.--Aug. 20, 1997--Analog Devices (Norwood, Mass.) announced record sales of $318 million for the third quarter of fiscal 1997, 4 percent above those for the year-earlier period and up 6 percent sequentially. At $46.0 million, net income also reached a record high, compared to $43.8 million a year earlier and $42.1 million for the second quarter. Earnings per share were an all-time high of $0.27, versus $0.26 posted for fiscal 1996's third quarter and $0.25 earned for the immediately prior quarter. Overall orders increased substantially compared to the second quarter, resulting in a book-to-bill ratio comfortably above 1.0, a healthy increase in shippable backlog and better demand visibility going forward.